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The situation at Eskom, South Africa’s giant power utility, has become dire as executives quit the firm. Years – not just months – of blackouts loom; gas turbines gobble ZAR11.2bn ($680m), and broke municipalities fail to settle ZAR 50bn ($3bn) in bills.
“Eskom has lost the competency to operate and maintain its power station assets,” Matshela Koko, who was Eskom’s CEO between 2016 and 2017, tells the Africa Report, voicing his fears that the company now “relies on emergency gas turbines to keep lights on”.
